English School of Political Economy

Abstract

The ‘English School’ of political economy describes the tradition of economic thought that began with Malthus, and included Henry Thornton, Chalmers, James Mill, Torrens, West, Ricardo, and Thomas Tooke in the first generation; Whately, Senior, McCulloch and J.S. Mill in the second; and the Fawcetts, Cairnes, Jevons, Bagehot, Foxwell, Sidgwick, J.N. Keynes and Nicholson in the third. J.-B. Say was an honorary member. Karl Marx identified his own work with that school. Its most important production was J.S. Mill’s Principles of Political Economy, which continued to be used as a textbook until the mid-20th century.

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